Friday, March 29, 2024 Text is available under the CC BY-SA 3.0 licence.

Jay Gould

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No man can control Wall Street. Wall Street is like the ocean. No man can govern it. It is too vast. Wall Street is full of eddies and currents. The thing to do is to watch them, to exercise a little common sense, and … to come out on top.
--
Interview with the New York Herald

 
Jay Gould

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What is the responsibility of the people who cover Wall Street? Who are you responsible to? The people with the 401Ks and the pensions and the general public or the Wall Street traders—and by the way, this casts aspersion on all of Wall Street when that's unfair, as well! The majority of those guys are good guys. They're working their asses off, they're really bright guys. I know a lot of 'em, they're just trying to do the right thing and they're gettin' f**ked in this thing, too!

 
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I wanted to explore the new Wall Street. When I was writing SCARFACE in Miami, there was so much coke around and so many lunatics, and I met so many kids from Wall Street who were millionaires. I thought older men were rich, but here were these kids, 25 or 28 or 35 years old, with millions of dollars playing the markets all over the world around the clock. My father would have been shocked by the new electronics that allowed it…. Dad was a stockbroker on Wall Street when there was more integrity and class.

 
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You know that there’s been tremendous turmoil in our financial markets and Wall Street. And it is – it’s – people are frightened by these events. Our economy, I think, still, the fundamentals are – of our economy are strong, but these are very, very difficult times. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government.

 
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I have the disadvantage of not being sociable. Wall Street men are fond of company and sport. A man makes one hundred thousand dollars there and immediately buys a yacht, begins to race fast horses, and becomes a sport generally. My tastes lie in a different direction. When business hours are over I go home and spend the remainder of the day with my wife, my children, and books of my library. Every man has natural inclinations of his own. Mine are domestic. They are not calculated to make me particularly popular in Wall Street, and I cannot help that.

 
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Too many Oregonians know the heartbreak of a jobless economic recovery. To create new, high-paying jobs, we need investment in Main Street as well as Wall Street.

 
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